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Dominican Republic Reports Economic Stability, Boosts Investment and Trade

9/19/2025

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Story summary
  • The Dominican Republic's Minister of Finance, Magín Díaz, highlighted strong macroeconomic stability, reporting $14 billion in reserves and $4.8 billion in foreign investment amid global challenges.
  • Tax adjustments on cigarettes and alcohol were announced to address inflation, with minor increases anticipated in late 2025.
  • Amazon launched its first Caribbean distribution hub in the Dominican Republic, improving regional logistics and e-commerce.
  • The Ministry of Energy and Mines is progressing on a rare earth exploration project, receiving praise from U.S. officials for environmental compliance.
  • ITEK plans to establish a new manufacturing facility in Santo Domingo Este, boosting the medical device sector and regional supply chains.